Money

By Julia Horowitz, CNN Business A resurgence of coronavirus cases across Europe is feeding fears that the region’s strong economic recovery from the pandemic could be jeopardized by another tough winter. So far, the new Covid-19 wave is having only a limited impact on business activity in the 19 countries that use the euro. The

By Matt Egan, CNN Business For months, OPEC and its allies refused pleas from Washington and other world capitals to pump more oil. Now, a US-led coalition of consuming nations is coming together to effectively say: Fine, if you won’t act, we will. The White House announced Tuesday that India, Japan, South Korea and the

By Chris Isidore, CNN Business The holiday travel season is off to a relatively smooth start, with good weather and few canceled flights. But many in the industry are worried that luck won’t hold all the way until the holiday season ends just after New Year’s. Major US airlines are operating with fewer pilots and

By Nathaniel Meyersohn, CNN Business Store workers at major US chains are getting to spend Thanksgiving at home as more retailers decide to close their doors for the holiday. But not all retail staff will get the day off. Target said Monday that it will close all of its stores on Thanksgiving every year from

By Parija Kavilanz, CNN Business Best Buy CEO Corie Barry said theft is a growing problem at the company’s stores — and it is implementing added security measure to safeguard employees and shoppers. “This is traumatizing for our associates and is unacceptable,” Barry said on a call with analysts Tuesday. “We are doing everything we

By Paul R. La Monica, CNN Business President Biden and Federal Reserve chair Jerome Powell are committed to fighting inflation. But the two may face an uphill battle bringing consumer prices down due to a factor that many experts may not be pricing into the economic picture: the rise of ESG investing. Investors have increasingly

By Walé Azeez, CNN Business China confirmed on Wednesday that it would join the United States and other major energy-consuming nations in releasing strategic oil reserves to try to cool high prices and tame inflation. The White House announced Tuesday that the United States would release about 50 million barrels from its Strategic Petroleum Reserve,

By Jordan Valinsky, CNN Business Perhaps one of the greatest mysteries of Thanksgiving is the cranberry sauce — and we’re not talking about why people eat it: Why are the labels on Ocean Spray cans upside down? Observant consumers have noticed that the labels on jellied cranberry sauce cans are flipped, meaning the rounded edge

By Nathaniel Meyersohn, CNN Business Dollar Tree will soon be $1.25 tree. The company — one of America’s last remaining true dollar stores — said Tuesday it will raise prices from $1 to $1.25 on the majority of its products by the first quarter of 2022. The change is a sign of the pressures low-cost

By Nathaniel Meyersohn, CNN Business Expect to pay more for some of your favorite cereals, snacks, soups and cooking brands next year. General Mills notified retail customers that it’s raising prices in mid-January on hundreds of items across dozens of brands. They include Annie’s, Progresso, Yoplait, Fruit Roll-Ups, Betty Crocker, Pillsbury, Cheerios, Cinnamon Toast Crunch,

By Anna Cooban, CNN Business A British bank has adopted a four-day work week for all its employees without cutting pay, saying it’s the largest UK company so far to make such a move. Atom Bank announced on Tuesday that it had also reduced the weekly hours of its 430 staff to 34 from 37.5